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Stock futures are flat after Dow and S&P 500 close at records

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Traders in New York work on the New York Stock Exchange floor on Monday January 3, 2022.

Getty Images| Bloomberg | Getty Images

U.S. stock futures were steady in overnight trading on Monday after the Dow Jones Industrial Average and S&P 500 notched new record closes on the first trading day of 2022.

Dow futures were down just 20 points S&P 500 futures slid 0.05% and Nasdaq 100 futures rose 0.05%.

You can find more information here MondayThe technology sector boosted major averages and they rose. Closed at an all-time high, the Dow Jones Industrial Average closed up 246 points. The S&P 500 also registered a gain, climbing 0.6% to close at an all-time high.

Nasdaq Composite performed relative well, increasing 1.2% Meta Platforms, AmazonGoogle-parent AlphabetAll are closed in green.

TeslaAnd AppleThe bright spots in Monday’s trading session were the best. Tesla increased 13.5% following the firm’s announcement. beat fourth-quarter and full-year delivery expectations. Apple has become the third largest market capitalization company in history, with a 2.5% increase to set a record.

On Monday, reopenings of airlines and cruise line lines rose as well. Bank stocks were lifted by a jump in bond yields.

Jim Paulsen (Leuthold Group chief Investment Strategist) stated that optimism on the global economy and the earnings momentum which has been regaining since mid-December continued their growth in the first day after the new year. The best stocks were those closely linked to higher economic growth. [Monday]But they were also joined by the new-era sector of technology, communications and other technologies.”     

Monday, November’s Labor Turnover Survey and Job Openings will be available at 10:00 AM. At the Federal Reserve, and other places around the country, JOLTS is being closely monitored for any signs of tight labor markets.

The December ISM Manufacturing PMI will be released Tuesday morning.

After markets close to a strong 2021 week last week, Monday’s record moves are now. This is the S&P 500 rose nearly 27% for the yearStrong gains were also reported by the Dow and Nasdaq Composite.

The well-known Santa Claus Rally will end on Tuesday. Stocks look higher in these bullish seven days, according to Ryan Detrick from LPL Financial. It is the days when stocks are down that we should be concerned, which means there’s less to worry about.

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